It might seem cliche, but everything really does come down to NFP tomorrow, and by "everything," I mean the next 6 weeks... In case you missed last night's closing commentary, there was a chart that showed a very strong similarity in MBS movements over the past 3 years compared to this year. In fact, on the exact same weeks in history, annual lows were made in MBS four years in a row. On the exact same week in history, prices began to weaken and head toward the only only other major low before eventually moving higher into the winter. And you guessed it, those low points also occurred on the exact same week! Put to picture, it goes something like this:...